The main reason for the disparity is the 5 million silver ounces of production that returned to the revenue stream following the rehabilitation of the Lucky Friday mine was never re-factored into the share price. It was like an additional 5 million annual ounces never happened. That was about 3 years ago now. Never forget, fundamentals don't matter in a rigged market. Especially when the same crooks distorting the precious metals markets are also making a market for the mining equities. Gives the greasy bastards two ways to rig the market. The metal and the miner.
AG First Majestic = 12.0 to 13.3 million ounces of pure silver or 17.8 to 19.8 million ounces of silver equivalents guidance in 2016. There was 50,000 ounces of gold produced in 2015, but that may factored into the increased silver equivalents figure.
HL Hecla 2015 =Silver Production - 11.6 million oz. Gold Production - 189,327 oz Lead Production - 39,965 Tons Zinc Production - 70,073 Tons
They're both low cost producers and the charts are mirror images of each other. HL's gold production alone should move it up, and then there's the 5 million ounces of annual silver, but of course it won't until the great reset.
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